IRIS Accounts Production v23.3.0.418 SC297181 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2971812022-05-31SC2971812023-05-31SC2971812022-06-012023-05-31SC2971812021-05-31SC2971812021-06-012022-05-31SC2971812022-05-31SC297181ns10:Originalns15:Scotland2022-06-012023-05-31SC297181ns14:PoundSterlingns10:Original2022-06-012023-05-31SC297181ns10:Originalns10:Director12022-06-012023-05-31SC297181ns10:Original2022-06-012023-05-31SC297181ns10:Original2023-05-31SC297181ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC297181ns10:Originalns10:SmallEntities2022-06-012023-05-31SC297181ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC297181ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC297181ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC297181ns10:Originalns10:FullAccounts2022-06-012023-05-31SC297181ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-31SC297181ns10:CompanySecretary1ns10:Original2022-06-012023-05-31SC297181ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC297181ns10:Original2022-05-31SC297181ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC297181ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC297181ns10:Originalns5:Non-currentFinancialInstruments2023-05-31SC297181ns10:Originalns5:Non-currentFinancialInstruments2022-05-31SC297181ns5:ShareCapitalns10:Original2023-05-31SC297181ns5:ShareCapitalns10:Original2022-05-31SC297181ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC297181ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC297181ns10:Originalns5:PlantMachinery2022-06-012023-05-31SC297181ns10:Originalns5:FurnitureFittings2022-06-012023-05-31SC297181ns10:Originalns5:MotorVehicles2022-06-012023-05-31SC297181ns10:Original2021-06-012022-05-31SC297181ns10:Originalns5:PlantMachinery2022-05-31SC297181ns10:Originalns5:FurnitureFittings2022-05-31SC297181ns10:Originalns5:MotorVehicles2022-05-31SC297181ns10:Original2022-05-31SC297181ns10:Originalns5:PlantMachinery2023-05-31SC297181ns10:Originalns5:FurnitureFittings2023-05-31SC297181ns10:Originalns5:MotorVehicles2023-05-31SC297181ns10:Originalns5:PlantMachinery2022-05-31SC297181ns10:Originalns5:FurnitureFittings2022-05-31SC297181ns10:Originalns5:MotorVehicles2022-05-31SC297181ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-31SC297181ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-012023-05-31SC297181ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-31SC297181ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-31SC297181ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC297181ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31SC297181ns10:Originalns5:DeferredTaxation2022-05-31SC297181ns10:Originalns5:DeferredTaxation2022-06-012023-05-31SC297181ns10:Originalns5:DeferredTaxation2023-05-31SC297181ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: SC297181 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Whyte & Willis (Joiners & Builders)
Limited

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whyte & Willis (Joiners & Builders)
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr Paul Doherty





SECRETARY: Mr Paul Doherty





REGISTERED OFFICE: 2 Langton Place
Glasgow
G77 6QZ





REGISTERED NUMBER: SC297181 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,560 39,309

CURRENT ASSETS
Work in progress 11,750 12,500
Debtors 5 94 -
Cash in hand 6,193 6,193
18,037 18,693
CREDITORS
Amounts falling due within one year 6 36,488 34,423
NET CURRENT LIABILITIES (18,451 ) (15,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,109

23,579

CREDITORS
Amounts falling due after more than one
year

7

(22,031

)

(30,082

)

PROVISIONS FOR LIABILITIES 8 (5,806 ) (4,377 )
NET LIABILITIES (15,728 ) (10,880 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (15,738 ) (10,890 )
SHAREHOLDERS' FUNDS (15,728 ) (10,880 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





Mr Paul Doherty - Director


Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Whyte & Willis (Joiners & Builders) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of joiners and builders.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 20% on cost
Furniture and fittings - 15% on reducing balance
Motor vans - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Furniture
Tools and and Motor
equipment fittings vans Totals
£    £    £    £   
COST
At 1 June 2022 2,480 1,490 64,455 68,425
Additions 928 380 - 1,308
At 31 May 2023 3,408 1,870 64,455 69,733
DEPRECIATION
At 1 June 2022 2,428 969 25,719 29,116
Charge for year 238 135 9,684 10,057
At 31 May 2023 2,666 1,104 35,403 39,173
NET BOOK VALUE
At 31 May 2023 742 766 29,052 30,560
At 31 May 2022 52 521 38,736 39,309

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vans
£   
COST
At 1 June 2022
and 31 May 2023 11,000
DEPRECIATION
At 1 June 2022 9,043
Charge for year 489
At 31 May 2023 9,532
NET BOOK VALUE
At 31 May 2023 1,468
At 31 May 2022 1,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 94 -

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,745 3,596
Hire purchase contracts 5,136 5,136
Trade creditors 7,973 16,532
Taxation and social security 17,614 7,939
Other creditors 1,020 1,220
36,488 34,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 9,179 12,091
Hire purchase contracts 12,852 17,991
22,031 30,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 2,506

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,806 4,377

Deferred
tax
£   
Balance at 1 June 2022 4,377
Provided during year 1,429
Balance at 31 May 2023 5,806

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

Whyte & Willis (Joiners & Builders)
Limited (Registered number: SC297181)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Doherty.